Wilson Borough, PA 18042,1832 Freemansburg AVE

$485,000

Est. payment /mo

$500,000

3.0%
Est.Price: ?

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1832 Freemansburg AVE Wilson Borough, PA 18042

2,934 SqFt

SOLD DATE : 05/10/2022

Key Details

Sold Price $485,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 2,934 sqft

Price per Sqft $165

Subdivision Not In Development

MLS Listing ID 685005

Sold Date 05/10/22

Construction Status Unknown

HOA Y/N No

Year Built 1900

Annual Tax Amount $2,320

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Apartment

Property Description

This is a safe investment/Income Cash Cow! The beauty of this property is that it is on the smaller side, providing for minimal maintenance needs w/a tremendous Cash Flow. Why invest in a property that is double the size w/double the potential upkeep when you can purchase “Compact, Economical & Profitable”? The cap rate is 7.85% which provides you w/a fantastic ROI & Limited Risk. The rents are diversified into 6 separate leases including a Professional & Beautiful Anchor Tenant in the form of a very popular Beauty Salon. The tenants are all Long Term (only 1 lease is month to month), the leases are Rock Solid & they want to stay! There are many updates including well maintained mechanicals, replacement windows, bathroom, flooring & kitchen updates. There are minimal areas that need any attention. The property was purchase by the current owner (appraisal attached) & upgrades have been made. This property is being offered at a very Fair price! Schedule your tour today!

Location

State PA

County Northampton

Area Wilson

Direction Please use GPS.

Interior

Heating Electric, Forced Air, Gas, Heat Pump

Cooling Central Air, Ceiling Fan(s), None, Window Unit(s), Wall Unit(s)

Fireplace No

Exterior

Parking Features Garage

Water Access Desc Public

Garage Yes

Building

Story 2

Sewer Public Sewer

Water Public

Construction Status Unknown

Schools

School District Wilson

Others

Tax ID L9SW3A 15 1B 0837

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition None

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First Heritage Realty Alliance

First Heritage Realty Alliance

+1(267) 525-7900

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Keller Williams Real Estate
Bought with Keller Williams Real Estate
First Heritage Realty Alliance

First Heritage Realty Alliance

+1(267) 525-7900

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